12 Sep 2013 07:00
SCOTGOLD RESOURCES LIMITED
PLACEMENT TO ZIO HOLDINGS LTD
Scotgold Resources Limited (ASX: SGZ, AIM: SGZ) (Scotgold) is pleased to announce it has agreed to issue 10 million fully paid ordinary Scotgold shares to Zio Holdings Ltd (Company No. 077015) a company incorporated in Mauritius (Zio), at an issue price of AUD$0.02 each to raise AUD$200,000.
Scotgold expects to issue the shares to Zio this week.
Additionally, Scotgold has agreed to give Zio a non-exclusive right to conduct due diligence enquiries into Scotgold and the Cononish Project with a view to Zio making further investments in Scotgold, subject to any relevant shareholder or regulatory approvals.
For further information please contact:
United Kingdom:
Scotgold Resources Limited | Westhouse Securities Limited | Bankside Consultants |
John Bentley (Chairman) Chris Sangster (CEO) | Richard Baty/Martin Davison | Simon Rothschild |
Tel: +44 (0)77 2562 9509 | Tel: +44 (0)20 7601 6100 | Tel +44 (0)20 7367 8888 |
Australia:
Professional Public Relations | |
Belinda Newman | |
Tel: +61 (8) 9388 0944 Mobile: +61 (0) 401 802 210
|
SGZ.L (SGZ)